Author: Blockto Team

OSL Group, a Hong Kong-listed digital asset firm, announced plans to acquire a 90% stake in an Indonesian crypto exchange for $15 million, marking a major step in its Southeast Asia expansion strategy. Key Highlights Strategic Entry Into Indonesia’s Booming Crypto Market In a filing with the Hong Kong Stock Exchange, OSL said the deal offers “immediate and strategic access” to the Indonesian digital asset market—one of the fastest-growing in the region. “Indonesia possesses key attributes conducive to growth in this sector, including a substantial and youthful demographic, robust economic growth fundamentals, and a rapidly increasing rate of cryptocurrency adoption,”…

Coinbase has moved to shift Oregon’s lawsuit regarding unregistered securities sales to federal jurisdiction, accusing the state of overstepping its legal authority and conflicting with national efforts to regulate digital assets. Coinbase Labels Lawsuit a “Regulatory Land Grab” In a court filing submitted Monday evening, Coinbase argued that Oregon’s Attorney General is attempting to dictate national crypto policy through a state-level lawsuit. The company criticized the legal action as interfering with bipartisan federal efforts to bring clarity to digital asset regulations. “This lawsuit is a regulatory land grab,” the filing reads. Coinbase claims Oregon is stepping in where federal regulators…

The price of XRP is drawing renewed attention from traders as a sharp surge in open interest raises the possibility of a major price breakout. Market analysts suggest that a short squeeze could fuel a rapid rally, but warn that high volatility may persist without a decisive catalyst. Open Interest Surge Signals Speculative Pressure As of Tuesday morning, XRP is trading at approximately $2.21, hovering within a tight consolidation range that is often a precursor to large price movements. Over the weekend, XRP’s open interest surged to nearly $5 billion, reflecting heightened activity in the derivatives market. “This spike suggests…

Russia’s largest commercial bank, Sber, has officially introduced a Bitcoin-linked bond product, marking a significant step toward integrating cryptocurrency exposure into traditional finance. The product is currently trading on over-the-counter (OTC) markets and may soon be listed on the Moscow Stock Exchange. Bitcoin Bonds for Qualified Investors The new structured bond allows investors to benefit from two key factors: All transactions are conducted in Russian rubles, adhering fully to domestic regulatory frameworks. Investors are not required to use crypto wallets or rely on unregulated platforms, making this a compliant and accessible option. Stock Exchange Listing Coming Soon Sber announced plans…

Robinhood Markets Inc. (NASDAQ: HOOD) has officially completed its $200 million cash acquisition of Bitstamp, the world’s longest-running cryptocurrency exchange. The deal, first announced in June 2024, gives Robinhood over 50 crypto licenses and registrations, a robust institutional client base, and global exposure across Europe, the UK, and Asia. The acquisition was finalized on June 2, marking a major milestone in Robinhood’s crypto expansion strategy. Bitstamp currently serves over 5,000 institutional clients and 50,000 retail users, with the majority of its trading volume coming from institutional activity. Key Financials and Strategic Impact Robinhood has already begun integrating Bitstamp’s trading infrastructure…

Meta Platforms Inc. (NASDAQ: META) shareholders have overwhelmingly voted down a proposal to explore adding Bitcoin (BTC) to the company’s treasury strategy, effectively shutting the door on a potential shift toward crypto-based asset diversification. The SEC filing on May 28 revealed that the motion received just 3.92 million votes in favor, representing a mere 0.08% of all votes cast. In stark contrast, nearly 5 billion votes were cast against the measure, reflecting a decisive rejection by investors. Bitcoin as a Strategic Reserve Rejected The proposal was introduced earlier this year by Ethan Peck, a prominent Bitcoin advocate and director at…

Cardano’s native token, ADA, is facing a pivotal technical test near the $0.70 resistance level, even as global economic tensions and regulatory delays cloud market sentiment. With Japan emerging as a key trading hub for ADA, the token’s future direction may hinge on both regional demand and broader macroeconomic forces. Japan Drives ADA Demand Amid ETF Delay The renewed interest in ADA from Japanese investors has become a significant driver of trading volume. This comes at a time when the U.S. Securities and Exchange Commission (SEC) has again delayed its decision on a proposed Cardano-based ETF, adding a layer of…

As the global stablecoin market hits a record-high $250 billion in capitalization, Paradigm researchers have proposed a novel automated market maker (AMM) called Orbitals, aimed at improving capital efficiency in large-scale stablecoin pools. What Are Orbitals? Proposed by Paradigm’s Dave White, Dan Robinson, and Ciamac Moallemi, Orbitals is a hypothetical AMM design that goes beyond existing decentralized exchange architectures like Uniswap V3 and Curve. While Uniswap V3 restricts liquidity to two-token pools and Curve imposes limits on how users allocate capital across assets, Orbitals is designed to support customized liquidity exposure across multiple stablecoins — from 2 to 10,000 assets.…

The Ethereum Foundation (EF) has announced a major restructuring of its research and development (R&D) division, including a round of layoffs, as it seeks to address growing concerns about its protocol design and strategic direction. Leadership Changes and Layoffs Reflect Broader Realignment In a blog post published Monday, the Switzerland-based nonprofit revealed that it is laying off undisclosed members of its R&D team as part of a plan to rebrand and refocus its internal operations. The organization acknowledged that “some members of PR&D won’t be continuing with the Ethereum Foundation,” while encouraging others in the ecosystem to hire the impacted…

As the U.S. Senate enters the final stages of debating the GENIUS Act, a bill aimed at regulating stablecoin issuers, leading crypto industry groups are calling on lawmakers to avoid distractions and keep the focus on the bill’s core mission. Credit Card Amendment Threatens to Derail Focus A new wrinkle has emerged in the debate: an attempt to attach the Credit Card Competition Act to the stablecoin legislation as an amendment. This move has raised concerns that the stablecoin bill could become bogged down by unrelated policy debates. “As the bill continues through the amendment process, we respectfully urge lawmakers…